Steel Exchange India Ltd (SEIL) has entered into a non-binding collaboration with Vizag Profiles Logistics (VPL) and Hind Terminals Pvt. Ltd. (HTPL) to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam.
Under the proposed plan, the partners will jointly evaluate and pursue opportunities in container train operations from the GCT, coastal shipping using domestic barges and containers, rail-based inland transport for steel and general cargo, and the creation of integrated multimodal logistics solutions.
The collaboration aims to leverage SEIL’s developing GCT rail siding, VPL’s well-established regional logistics infrastructure, and HTPL’s expertise in port-linked cargo handling to deliver scalable and efficient cargo movement in and around Vizag.
“This collaboration is a strategic step forward in our efforts to expand beyond steel manufacturing and strengthen our presence in infrastructure and logistics,” said Suresh Kumar Bandi, Joint Managing Director, SEIL. “With Vizag’s growing role as a logistics hub, aligning our GCT project with the capabilities of VPL and HTPL presents a strong opportunity to enable efficient, multimodal cargo movement. We are confident this initiative will significantly enhance operational efficiency and contribute meaningfully to our long-term growth plans.”
While non-binding at this stage, the agreement sets the stage for feasibility studies, pilot projects, and potential commercial partnerships. For SEIL, the move is expected to boost supply chain efficiency, unlock value from its logistics assets, and support the competitiveness of its core steel business.
